Overseas Shipholding Group (NYSE:OSG) Share Price Crosses Above Two Hundred Day Moving Average of $2.11

Overseas Shipholding Group Inc. (NYSE:OSG) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.11 and traded as high as $2.43. Overseas Shipholding Group shares last traded at $2.31, with a volume of 325,907 shares trading hands.

Separately, ValuEngine lowered shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 9th.

The firm has a market capitalization of $198.61 million, a PE ratio of 6.79 and a beta of 0.30. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.67. The business’s 50 day simple moving average is $2.06 and its two-hundred day simple moving average is $2.11.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings data on Friday, May 8th. The transportation company reported $0.28 EPS for the quarter. The firm had revenue of $100.86 million during the quarter. Overseas Shipholding Group had a return on equity of 10.18% and a net margin of 8.30%.

In related news, Director Julie Silcock acquired 50,000 shares of Overseas Shipholding Group stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $2.01 per share, for a total transaction of $100,500.00. Following the purchase, the director now directly owns 225,174 shares of the company’s stock, valued at approximately $452,599.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Saltchuk Resources, Inc. acquired 1,352,125 shares of Overseas Shipholding Group stock in a transaction dated Wednesday, July 22nd. The stock was bought at an average price of $2.49 per share, with a total value of $3,366,791.25. Following the completion of the purchase, the insider now directly owns 13,280,865 shares in the company, valued at $33,069,353.85. The disclosure for this purchase can be found here. Insiders bought a total of 1,741,860 shares of company stock valued at $4,137,761 over the last 90 days. 2.78% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake in Overseas Shipholding Group by 9.5% in the 1st quarter. Geode Capital Management LLC now owns 876,272 shares of the transportation company’s stock worth $1,989,000 after buying an additional 75,998 shares in the last quarter. Citigroup Inc. increased its stake in Overseas Shipholding Group by 321.3% in the 1st quarter. Citigroup Inc. now owns 28,495 shares of the transportation company’s stock worth $65,000 after buying an additional 21,731 shares in the last quarter. Wells Fargo & Company MN increased its stake in Overseas Shipholding Group by 10.5% in the 1st quarter. Wells Fargo & Company MN now owns 166,811 shares of the transportation company’s stock worth $378,000 after buying an additional 15,868 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Overseas Shipholding Group by 22.8% in the 1st quarter. Nuveen Asset Management LLC now owns 257,698 shares of the transportation company’s stock worth $585,000 after buying an additional 47,920 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Overseas Shipholding Group in the 4th quarter worth $44,000. Institutional investors and hedge funds own 48.99% of the company’s stock.

Overseas Shipholding Group Company Profile (NYSE:OSG)

Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2018, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 900,000 deadweight tons.

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